SPY Strong push towards 144 by friday.

Discussion in 'Trading' started by KINGOFSHORTS, Mar 26, 2012.

  1. Looks like there is a strong Push to 144 by at least friday or next monday. With the Big AAPL dividend contributing to an additional 11 cents a quarter to SPY starting Q4, Obamageddon nailing shortsellers to get squeezed and buy back positions,Bernanke announcing guaranteed money printing and asset purchases no one wants to be stuck in the Sidelines.

    Long term put premiums collapsed along with the VIX down to 14.26.

    So Far Wallstreet is very happy with Obama and it looks like his guaranteed win in 2012 will push the SPY over 150 by Jan 19 2013.